The Bitcoin market in America and China: A comparison

When it comes to Bitcoin, there are no greater markets than the United States and China. And just as the culture and idiosyncrasies of these two financial powerhouses contrast like night and day, the countries’ approach to Bitcoin trading -and cryptocurrencies in general- is a reflection of their deeper identities. 

Here’s the irony: Despite the apparent military and financial might of these two sovereign nations, a microscopic organism has cast the United States and China as quite unwilling protagonists in an unfolding global drama known to the world as the Covid-19 pandemic. Who’s the villain and who’s the hero of the play is up for debate and beyond the scope of this piece, but through it all, the Bitcoin undertow keeps flowing.

Each nation understands, recognizes, and regulates Bitcoin in unique ways. Some crossover, some do not. But how each state deals with Bitcoin, and how global market factors influence decision-making in the crypto ecosystem, offers great insights…